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Property, Real Estate, and Community Association Managers

Property, Real Estate, and Community Association Managers
Quick Facts : Property, Real Estate, and Community Association Managers*
2010 Median Pay$51,480
Entry Level EducationHigh school diploma or equivalent
Work Experience in Related OccupationNone
Number of Jobs, 2012303,900
Job Outlook6% (Slower than average)
Employment Change18,400


Property, real estate, and community association managers show properties to potential renters and buyers. They take care of various aspects of the properties and make sure they look presentable, operate smoothly and preserve its resale value.

What Property, Real Estate, and Community Association Managers Do

  • Meet with, and show properties to, prospective renters
  • Discuss the lease and explain the terms of occupancy
  • Collect monthly fees from tenants
  • Keep records of rental activity
  • Prepare budgets and financial reports

Work Environment

Property, real estate, and community association managers usually work in an office environment, often onsite. About half of all workers are self-employed, and their work schedule may include evenings and weekends.
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Job Outlook

Employment of property, real estate, and community association managers is expected to grow 6 percent from 2010 to 2020. Property owners are becoming more aware that property management firms help make properties more profitable and improve the resale value of homes and commercial property.
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Pay

In May 2010, the average salary of property, real estate, and community association managers was $51,480.
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Property, Real Estate, and Community Association Managers*
Average Annual Salary, May 2010

Property, Real Estate, and Community Association Managers

51480

Business Occupations

58154.0909

All Jobs in the U.S.

52312.5223
Property, Real Estate, and Community Association Managers*
Percent Change in Employment

Property, Real Estate, and Community Association Managers

6.05462

Business Occupations

9.55203445933082

All Jobs in the U.S.

15.767561808929724

Becoming a Property, Real Estate, and Community Association Managers

Many employers prefer to hire college graduates, but a high school diploma or equivalent is enough for some jobs. Some property, real estate, and community association managers have vocational training to gain the required knowledge of property management.
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